Forgent CFO Ryan Fiedler to Step Down; Amy Ard Named Successor as Shares Plunge 24.61%

Forgent Power Solutions Inc. (FPS) said Thursday that Chief Financial Officer Ryan Fiedler will step down and move into an external consulting role, with Executive Vice President of Finance Amy Ard named as his successor. Shares of the electrical distribution equipment maker fell 24.61% on the NYSE to $23.95. Fiedler will continue to support the company through the leadership transition, Forgent said. Ard, executive vice president of finance since January, will assume the CFO post after overseeing the company's financial planning, reporting, treasury and operational finance functions.